16 January 2023
Kropz PLC
("Kropz" or "the Company")
Appointment of Chief Executive Officer
Kropz Plc announces the appointment of Louis Loubser to the board of the Company as Chief Executive Officer ("CEO") and executive director with immediate effect. As previously announced, Mark Summers has now left the board.
Commenting on the announcement, Lord Robin Renwick, Chairman, said:
"The Board are delighted to welcome Louis Loubser to the Board as the Company's new CEO. Louis has significant operational experience, which is what the Company most needs at this stage of its development.
"The Board would also like to take this opportunity to thank Mark for his very significant contribution whilst he had been at Kropz and wish him well in all his future endeavours."
Further information on Louis Loubser
Louis Ronald Loubser, age 43, is, or has been, a director or partner of the following companies or partnerships during the past five years:
| Current directorships and partnerships | Past directorships and partnerships |
| • Arctiq Holdings Proprietary Limited • BMP Mercator Proprietary Limited • Buffelsbank Boerdery Proprietary Limited • Cusal Proprietary Limited • Kagga Kamma Ontwikkeling Proprietary Limited • Mokaikai Game Lodge Proprietary Limited • Rotary Fluid Control Proprietary Limited | • Afrimat Lyttelton Proprietary Limited • BFE Jean Crossing Proprietary Limited • Infrasors Holdings Limited • Langcarel (RF) Proprietary Limited • RFC Sales ZA Proprietary Limited |
Louis Loubser does not hold any legal or beneficial direct or indirect interest in the securities of the Company.
There is no further information required to be disclosed in respect of the above appointments pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information visit www.kropz.com or contact:
| Kropz Plc | Via Tavistock |
| Louis Loubser (CEO) | +44 (0) 207 920 3150 |
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| Grant Thornton UK LLP | Nominated Adviser |
| Samantha Harrison Harrison Clarke George Grainger Ciara Donnelly
| +44 (0) 20 7383 5100 |
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| Hannam & Partners | Broker |
| Andrew Chubb Ernest Bell | +44 (0) 20 7907 8500 |
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| Tavistock | Financial PR & IR (UK) |
| Nick Elwes Jos Simson Emily Moss | +44 (0) 207 920 3150 kropz@tavistock.co.uk |
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| R&A Strategic Communications | PR (South Africa) |
| Charmane Russell | +27 (0) 11 880 3924 charmane@rasc.co.za |
About Kropz Plc
Kropz is an emerging African phosphate producer and developer with projects in South Africa and in the Republic of Congo. The vision of the Group is to become a leading independent phosphate rock producer and to develop into an integrated, mine-to-market plant nutrient company focusing on sub-Saharan Africa.
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